Delta Lloyd rejects NN Group's 5.30 euro per share offer



Dutch insurer Delta Lloyd on Friday rejected a 5.30 per share takeover offer from larger rival NN Group that would have valued it at 2.4 billion euros (2.17 billion pounds).
Delta Lloyd said NN's offer was opportunistic and too low given than Delta Lloyd had just stabilised its solvency and was beginning a turnaround.
NN launched its unsolicited bid on Wednesday saying that Delta Lloyd's boards had declined to meet to discuss an agreed offer.
(Reporting by Toby Sterling; editing by David Clarke)
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7 October 2016 in Business, Views: 47
Source: Reuters
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